|                                                                                                                                                                                                                                                                                                        |   | 2008   |    |   | 2007   |   |    | 2006   |   |   | 2005    |   |   | 2004   |    |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|---------|--------|--------|--------|---------|--------|--------|--------|---------|--------|--------|--------|---------|
| Results      from Operations:                                                                                                                                                                                                                                                                                    |   |   |    |   |   |   |    |   |   |   |    |   |   |   |    |
| Revenues                                                                        |   | $      | 324.6   |   |   | $      | 453.4   |   |   | $      | 417.8   |   |   | $      | 354.0   |   |   | $ | 312.6 |   |
| Income      from      Operations                                                |   |   | (30.7   | )      |   |   | 67.3    |   |   |   | 80.2    |   |   |   | 79.2    |   |   |   | 74.5 |   |
| Dividends      paid                                                             |   |   | 14.8    |   |   |   | 400.0   |   |   |   | -       |   |   |   | -       |   |   |   | - |   |
|                                                                                                                                                                                                                                                                                                             |   |   |    |   |   |   |    |   |   |   |    |   |   |   |    |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                             |   |   |    |   |   |   |    |   |   |   |    |   |   |   |    |   |   |   |   |   |
| Percentage      of income to average shareowner’s equity                                                                                                                                                                                                                                                   |   |   | (11.4   | %)     |   |   | 15.5    | %      |   |   | 14.4    | %      |   |   | 16.8    | % |   |   | 19.3 | % |
|                                                                                                                                                                                                                                                                                                             |   |   |    |   |   |   |    |   |   |   |    |   |   |   |    |   |   |   |   |   |
| Financial      Data:                                                                                                                                                                                                                                                                                             |   |   |    |   |   |   |    |   |   |   |    |   |   |   |    |   |   |   |   |   |
| Finance      Receivables,      net                                              |   | $      | 3,090.2 |   |   | $      | 3,732.7 |   |   | $      | 3,993.4 |   |   | $      | 3,410.2 |   |   | $ | 3,020.7 |   |
| Total      assets                                                               |   |   | 4,125.0 |   |   |   | 4,736.2 |   |   |   | 5,544.1 |   |   |   | 4,588.3 |   |   |   | 3,945.5 |   |
|                                                                                                                                                                                                                                                                                                             |   |   |    |   |   |   |    |   |   |   |    |   |   |   |    |   |   |   |   |   |
| Total      senior & secured borrowings                                                                                                                                                                                                                                                                       |   |   | 3,679.1 |   |   |   | 4,269.1 |   |   |   | 4,775.7 |   |   |   | 3,962.1 |   |   |   | 3,319.4 |   |
| Shareholder’s      equity                                                 |   |   | 272.6   |   |   |   | 268.1   |   |   |   | 599.3   |   |   |   | 512.9   |   |   |   | 432.0 |   |
|                                                                                                                                                                                                                                                                                                             |   |   |    |   |   |   |    |   |   |   |    |   |   |   |    |   |   |   |   |   |
| Debt      to equity      ratio                                                  |   | 13.5:1 |    |   | 15.9:1 |   |    | 8.0:1  |   |   | 7.7:1   |   |   | 7.7:1  |    |
|                                                                                                                                                                                                                                                                                                             |   |   |    |   |   |   |    |   |   |   |    |   |   |   |    |   |   |   |   |   |
| Number      of employees at October 31                                                                                                                                                                                                                                                                           |   |   | 318     |   |   |   | 308     |   |   |   | 300     |   |   |   | 283     |   |   |   | 260 |   |
|                                                                                                                                                                                                                                                                                                             |   |   |    |   |   |   |    |   |   |   |    |   |   |   |    |   |   |   |   |   |

----

|  Gross      Finance Receivables and      Leases Originated:                                                                                                                                                                                                                                                                                                                                                                             |   | 2008   |    |   | 2007   |   |    | 2006   |   |   | 2005    |   |   | 2004   |    |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|---------|--------|--------|--------|---------|--------|--------|--------|---------|--------|--------|--------|---------|
| Wholesale      notes                                                                                                        |   | $      | 3,524.5 |   |   | $      | 4,007.0 |   |   | $      | 6,256.6 |   |   | $      | 5,296.4 |   |   | $ | 4,312.4 |   |
| Retail      notes and leases:                                                                                                                                                                                                                                                                                                                                                                                                                |   |   |    |   |   |   |    |   |   |   |    |   |   |   |    |   |   |   |   |   |
| New      equipment                                                                                                                                             |   |   | 753.5   |   |   |   | 1,150.7 |   |   |   | 1,590.5 |   |   |   | 1,604.4 |   |   |   | 1,343.7 |   |
| Used      equipment                                                                                                                                            |   |   | 237.4   |   |   |   | 253.4   |   |   |   | 318.2   |   |   |   | 283.9   |   |   |   | 264.8 |   |
| Total                                                                                                                                                                                             |   |   | 990.9   |   |   |   | 1,404.1 |   |   |   | 1,908.7 |   |   |   | 1,888.3 |   |   |   | 1,608.5 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |   |    |   |   |   |    |   |   |   |    |   |   |   |    |   |   |   |   |   |
| Total                                                                                                                                                          |   | $      | 4,515.4 |   |   | $      | 5,411.1 |   |   | $      | 8,165.3 |   |   | $      | 7,184.7 |   |   | $ | 5,920.9 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |   |    |   |   |   |    |   |   |   |    |   |   |   |    |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |   |    |   |   |   |    |   |   |   |    |   |   |   |    |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |   |    |   |   |   |    |   |   |   |    |   |   |   |    |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |   |    |   |   |   |    |   |   |   |    |   |   |   |    |   |   |   |   |   |
| Serviced      Retail Notes and Leaseswith      Installments Past Due Over 60 days:                                                                                                                                                                                                                                                                                                                                                           |   | 2008   |    |   | 2007   |   |    | 2006   |   |   | 2005    |   |   | 2004   |    |
| Original      amount of notes and      leases                                                                               |   | $      | 46.2    |   |   | $      | 35.7    |   |   | $      | 21.8    |   |   | $      | 34.1    |   |   | $ | 28.3 |   |
| Balance      of notes and      leases                                                                                       |   |   | 17.2    |   |   |   | 17.1    |   |   |   | 9.5     |   |   |   | 12.7    |   |   |   | 9.7 |   |
| Balance      as a percentage of totaloutstanding  notes      and      leases                                                          |   |   | 0.51    | %      |   |   | 0.44    | %      |   |   | 0.25    | %      |   |   | 0.35    | % |   |   | 0.30 | % |
|                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |   |    |   |   |   |    |   |   |   |    |   |   |   |    |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |   |    |   |   |   |    |   |   |   |    |   |   |   |    |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |   |    |   |   |   |    |   |   |   |    |   |   |   |    |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |   |    |   |   |   |    |   |   |   |    |   |   |   |    |   |   |   |   |   |
| Serviced      Retail Notes and LeasesRepossessions:                                                                                                                                                                                                                                                                                                                                                                                          |   | 2008   |    |   | 2007   |   |    | 2006   |   |   | 2005    |   |   | 2004   |    |
| Retail      note and lease repossessions acquired as a percentage of average serviced      retail note and lease balances                                                                                                                                                                                                                                                                                                                    |   |   | 3.63    | %      |   |   | 1.27    | %      |   |   | 0.76    | %      |   |   | 0.86    | % |   |   | 1.42 | % |
| Acquisitions      of vehicle      inventory                                                                                 |   | $      | 121.3   |   |   | $      | 49.6    |   |   | $      | 28.9    |   |   | $      | 49.4    |   |   | $ | 40.0 |   |
| Vehicle      inventory, end of      period                                                                                  |   |   | 42.0    |   |   |   | 23.2    |   |   |   | 5.2     |   |   |   | 8.4     |   |   |   | 26.6 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |   |    |   |   |   |    |   |   |   |    |   |   |   |    |   |   |   |   |   |

----

|  Credit      Loss Experience on Serviced Receivables:                                                                                                                                                                                                           |   | 2008   |   |   | 2007   |   |   | 2006   |   |   | 2005   |   |   | 2004   |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|
| NFC                                                                                                                                                                                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net      losses (recoveries):                                                                                                                                                                                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Retail      notes and leases:                                                                                                                                                                                                                                        |   | $      | 25.4   |   |   | $      | 10.0   |   |   | $      | 6.7    |   |   | $      | 5.7    |   |   | $ | 10.5 |   |
| Wholesale      notes                                         |   |   | 1.8    |   |   |   | 1.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0 |   |
| Accounts                                                     |   |   | 0.5    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.1    |   |   |   | 1.9 |   |
| Total                                                                                                |   | $      | 27.7   |   |   | $      | 11.0   |   |   | $      | 6.7    |   |   | $      | 5.7    |   |   | $ | 12.4 |   |
|                                                                                                                                                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Navistar, Inc.                                                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net      losses (recoveries):                                                                                                                                                                                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Retail      notes and leases:                                                                                                                                                                                                                                        |   | $      | 9.0    |   |   | $      | 6.0    |   |   | $      | 2.6    |   |   | $      | 6.6    |   |   | $ | 10.4 |   |
| Total                                                                                                |   | $      | 36.7   |   |   | $      | 16.9   |   |   | $      | 9.7    |   |   | $      | 13.5   |   |   | $ | 22.8 |   |
|                                                                                                                                                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| NFC                                                                                                                                                                                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Percent      net losses (recoveries) to      liquidations:                                                                                                                                                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Retail      notes and leases:                                                                                                                                                                                                                                        |   |   | 1.91   | %      |   |   | 0.63   | %      |   |   | 0.46   | %      |   |   | 0.50   | % |   |   | 0.80 | % |
| Wholesale      notes                                         |   |   | 0.07   | %      |   |   | 0.02   | %      |   |   | (0.01  | )%     |   |   | 0.00   | % |   |   | 0.00 | % |
|                                                                                                                                                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Navistar, Inc.                                                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Percent  net      losses (recoveries) to      liquidations:                                                                                                                                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Retail      notes and leases:                                                                                                                                                                                                                                        |   |   | 1.07   | %      |   |   | 0.38   | %      |   |   | 0.17   | %      |   |   | 0.49   | % |   |   | 0.79 | % |
|                                                                                                                                                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| NFC                                                                                                                                                                                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Percent      net losses (recoveries) to      related average grossportfolio      outstanding:                                                                                                                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Retail      notes and leases:                                                                                                                                                                                                                                        |   |   | 0.97   | %      |   |   | 0.25   | %      |   |   | 0.19   | %      |   |   | 0.20   | % |   |   | 0.36 | % |
| Wholesale      notes                                         |   |   | 0.17   | %      |   |   | 0.06   | %      |   |   | 0.00   | %      |   |   | 0.00   | % |   |   | 0.00 | % |
| Accounts                                                     |   |   | 0.50   | %      |   |   | 0.02   | %      |   |   | 0.00   | %      |   |   | 0.00   | % |   |   | 0.05 | % |
|                                                                                                                                                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Navistar, Inc.                                                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Percent  net      losses (recoveries) to      related average grossportfolio      outstanding:                                                                                                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Retail      notes and leases:                                                                                                                                                                                                                                        |   |   | 0.54   | %      |   |   | 0.15   | %      |   |   | 0.07   | %      |   |   | 0.20   | % |   |   | 0.35 | % |

----